"Following a Jan. 7 promise that he was taking steps to ban institutional investors from buying single-family homes in the U.S., President Donald Trump on Tuesday signed an executive order to shut down federal financing and approval channels that facilitate those purchases. The order, titled Stopping Wall Street From Competing With Main Street Homebuyers, does not ban institutional home-buying outright, nor does it require large landlords to sell existing portfolios."
"Trump's executive order part of a slate of policy directives and recommendations he says he plans to address in a speech today at the World Economic Forum in Davos, Switzerland focuses on federal leverage points rather than private-market transactions. It instructs the Departments of Treasury, Housing and Urban Development, Agriculture, Veterans Affairs, the General Services Administration and the Federal Housing Finance Agency to prevent federal agencies and government-sponsored enterprises from supporting acquisitions of single-family homes by large institutional investors."
The executive order directs federal agencies to withdraw federally backed financing, guarantees, insurance, securitization and asset-disposition pathways when large institutional investors seek to acquire single-family homes that could otherwise be purchased by owner-occupants. The order does not ban institutional home-buying outright and does not require large landlords to sell existing portfolios. Treasury Secretary Scott Bessent must define "large institutional investor" and "single-family home" by mid-February. Agencies named include Treasury, HUD, Agriculture, Veterans Affairs, GSA and the FHFA. Agencies are instructed to bar federal approvals and to promote sales to owner-occupants through first-look policies, disclosure requirements, and anti-circumvention measures.
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